Rush Street Interactive
123 hedge funds and large institutions have $230M invested in Rush Street Interactive in 2022 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 45 increasing their positions, 33 reducing their positions, and 24 closing their positions.
1,005% more call options, than puts
Call options by funds: $4.6M | Put options by funds: $416K
36% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 33
4% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 24
3% less funds holding
Funds holding: 127 → 123 (-4)
3.15% less ownership
Funds ownership: 80.15% → 77% (-3.2%)
36% less capital invested
Capital invested by funds: $359M → $230M (-$129M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Conversant Capital
Summit,
New Jersey
|
+$16.6M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
+$13.9M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$6.56M |
| 4 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
+$4.26M |
| 5 |
Goldman Sachs
New York
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
-$12.7M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
-$9.19M |
| 3 |
UBS AM
Chicago,
Illinois
|
-$9.04M |
| 4 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$6.31M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$5.19M |
RSI Hedge Fund Activity: Q2 2022 in Review
123 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Rush Street Interactive (RSI) for Q2 2022, worth a combined $230M — down 36% from $359M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new RSI positions and 24 closed out — a net gain of 1 holder — while 45 added to existing stakes and 33 trimmed.
The largest buyer was Conversant Capital, opening a new position worth an estimated $16.6M. The largest seller was TimesSquare Capital Management, exiting entirely with an estimated $12.7M sold.
- 123 institutional investors held Rush Street Interactive (RSI) as of Q2 2022, down from 127 in Q1 2022.
- Funds reported $230M of Rush Street Interactive stock for Q2 2022, down 36% quarter-over-quarter.
- 25 funds opened new Rush Street Interactive positions in Q2 2022 and 24 closed out, a net change of +1 holder.
- The largest Rush Street Interactive buyer in Q2 2022 was Conversant Capital, an estimated $16.6M added.
- The largest Rush Street Interactive seller in Q2 2022 was TimesSquare Capital Management, an estimated $12.7M sold.
Based on aggregated 13F filings for Q2 2022.